Nifty50 is entering a consolidation phase with reduced velocity on the downside.
During negative sentiments, investors need to take every statement with a pinch of salt.
The domestic stock market has been trading in a broad range of 500 points on the Nifty50.
In short to medium term, market seems to have priced in all the poison and negative factors.
Traders may cover their short positions and wait for rallies to create further shorts.
Liquidity infusion has taken a hit as the govt plans to raise $10 bn offshore bonds.
The domestic equity market weakened this week, dragging frontline stocks along with it.
Auto and consumption stories seem to be tumbling like a pack of cards.
There were certain hard-core punches, which will change the dynamics in certain industries.
The Budget will have more rational triggers for the Indian stock market.
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